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Opinion Insights From Industry Experts

Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 16 July 2024

While the PP sector maintained stability, the Chinese PE market continued to decline, with spot HDPE film prices falling below CNY 8,000/ton and spot LDPE film dropping by an additional CNY 250/ton from the previous week. The correction in the PE sector has yet to slow down.

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 15 July 2024

During a public consultation meeting held by Indian authorities on July 11 regarding the implementation of quality control measures for PVC and PP, the government did not confirm any plans to postpone the implementation date. Officials indicated that they would continue to assess the supply-demand situation before announcing the final mandate in a month.

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 11 July 2024

According to CommoPlast's previous report, margin erosion has compelled several Chinese PET bottle producers to reduce their term contract commitments for the third quarter, providing them greater flexibility in adjusting production rates and spot pricing. Concurrently, buyers have retreated to the sidelines following a surge in panic buying last week. The ongoing off-peak season will test the efficacy of PET producers' strategies.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 10 July 2024

The Chinese HDPE film market is anticipated to face sharper price reductions in the near term, according to market sources. The upcoming restarts of several local plants, which had been shut down for maintenance in recent months, are expected to enhance supply, even though overall demand shows limited signs of improvement.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 09 July 2024

Local traders and international suppliers are expected to soon feel the impact of these drastic price cuts. Meanwhile, buyers are likely to adopt a wait-and-see approach, withdrawing to the sidelines until the market stabilizes.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 02 July 2024

Despite the local market facing shortages of several key grades due to delays in import arrivals, buyers are in no hurry to procure additional cargoes.
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Rochelle Nguyen Commoplast Asia Sdn Bhd

[FREE] Morning Briefing - 01 July 2024

Saudi Arabian producers set final PE prices for July loading to Vietnam with discounts of $10/ton on LLDPE film and $20-30/ton for HDPE film, underlining the general weakness in the HDPE sector.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 27 June 2024

Meanwhile, ocean freight rates from China to certain routes have started to ease, suggesting that the recent upsurge might have peaked.
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